The rising demand for modern healthcare infrastructure to fuel the growth of the Europe Wearable Medical Devices Market
Europe Wearable Medical Devices Market value was worth USD 1875 million in 2017 and estimated to reach USD 5248 million by 2023 growing at a CAGR of 18.80% from the forecasting period 2017 to 2023.
(EMAILWIRE.COM, June 05, 2018 ) The two main functions of wearable technology are to observe numerous bodily markers and to keep the user well advised on health conditions by syncing the relevant information to electronic devices like smartphones. Wearable medical devices feature wireless information transmission, real time feedback, alerting mechanism and have simple and timely sensing skills. The information generated by wearable medical devices is additionally analyzed and is employed by customers for a better health management.
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Europe Wearable Medical Devices Market value was worth USD 1875 million in 2017 and estimated to reach USD 5248 million by 2023 growing at a CAGR of 18.80% from the forecasting period 2017 to 2023. Constant growth of remote patient observance and domestic care are expected to constructively influence the wearable medical devices market in the European region.
To know more read: https://www.marketdataforecast.com/market-reports/europe-wearable-medical-devices-market-68/
Drivers and Restraints:
Wearable medical devices face challenges in providing economical observance to patients affected by chronic diseases like Cancer and different blood diseases. Focus on technological advancements, and the subsequent development of interconnected and extremely advanced healthcare apps and compatible devices, and the presence of key market players are the other reasons behind the projected growth of the regional market.
Large user base and significant adoption of mobile products have led to market growth for wearable devices in Europe. Recent advancements in the field have led to compactness, multi-functionality, and easy use of wearable devices. Increasing demand for technologically advanced wearable medical devices, rising awareness concerning fitness, advent of modern smartphone connected healthcare applications and growing demand for wireless linkage within the healthcare trade are the key factors fueling the regional business.
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Geographical Segmentation:
On the basis of geography, the Europe market is analyzed under various regions namely, Spain, Germany, UK, France, Italy. European market holds the second largest market share in the global market for wearable medical devices. The significant share of this geographical area is attributed to the presence of developed healthcare infrastructure within the countries of the region.
Some of the major companies dominating the market, by their products and services include Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo.
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Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
View sample and decide: https://www.marketdataforecast.com/market-reports/europe-wearable-medical-devices-market-68/request-sample
Europe Wearable Medical Devices Market value was worth USD 1875 million in 2017 and estimated to reach USD 5248 million by 2023 growing at a CAGR of 18.80% from the forecasting period 2017 to 2023. Constant growth of remote patient observance and domestic care are expected to constructively influence the wearable medical devices market in the European region.
To know more read: https://www.marketdataforecast.com/market-reports/europe-wearable-medical-devices-market-68/
Drivers and Restraints:
Wearable medical devices face challenges in providing economical observance to patients affected by chronic diseases like Cancer and different blood diseases. Focus on technological advancements, and the subsequent development of interconnected and extremely advanced healthcare apps and compatible devices, and the presence of key market players are the other reasons behind the projected growth of the regional market.
Large user base and significant adoption of mobile products have led to market growth for wearable devices in Europe. Recent advancements in the field have led to compactness, multi-functionality, and easy use of wearable devices. Increasing demand for technologically advanced wearable medical devices, rising awareness concerning fitness, advent of modern smartphone connected healthcare applications and growing demand for wireless linkage within the healthcare trade are the key factors fueling the regional business.
Get your customized report: https://www.marketdataforecast.com/market-reports/europe-wearable-medical-devices-market-68/customize-report
Geographical Segmentation:
On the basis of geography, the Europe market is analyzed under various regions namely, Spain, Germany, UK, France, Italy. European market holds the second largest market share in the global market for wearable medical devices. The significant share of this geographical area is attributed to the presence of developed healthcare infrastructure within the countries of the region.
Some of the major companies dominating the market, by their products and services include Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo.
About MarketDataForecast™-
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results